PLEASE READ BEFORE POSTING
Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.Understanding offers in excess as FTBs
Options
Comments
-
Back on topic. OP, just fire ahead at the highest price you can possibly afford on the next house, it is unlikely that rates/sentiment/anything will change over the life of your mortgage....unfortunately unless you are buying cash your lender/valuer might not agree..:(0
-
Crashy_Time wrote: »House sales crash is the precursor to a price crash, especially if rates start rising. Why don`t you post some stats on how many people are getting a buyer nowadays?
Last word I’ll say on this but house price sales volumes may have fallen yet average uk house prices has still risen....0 -
Last word I’ll say on this but house price sales volumes may have fallen yet average uk house prices has still risen....
Doesn`t help you much if there are no buyers though :rotfl:
https://www.mumsnet.com/Talk/property/3174006-House-valuation-help-please0 -
Crashy_Time wrote: »Doesn`t help you much if there are no buyers though :rotfl:
https://www.mumsnet.com/Talk/property/3174006-House-valuation-help-please
"I know, I'll quote Mumsnet. That'll enhance my credibility."
Said no-one. Ever.
:rotfl:0 -
ReadingTim wrote: »"I know, I'll quote Mumsnet. That'll enhance my credibility."
Said no-one. Ever.
:rotfl:
You don`t really understand the importance of sentiment do you?0 -
Crashy_Time wrote: »You don`t really understand the importance of sentiment do you?
Given your posts are usually about as welcome as a sausage roll at a bar mitzvah, I suggest you struggle with the concept too.0 -
ReadingTim wrote: »Given your posts are usually about as welcome as a sausage roll at a bar mitzvah, I suggest you struggle with the concept too.
First bit nearly made me laugh, but not sure what posting stuff that heavily mortgaged forum readers don`t want to think about has to do with general sentiment?0 -
Could we please keep this thread on-topic? I spend enough time reading forums without having to waste time trawling through posts that are completely irrelevant to the thread topic.(Nearly) dunroving0
-
ReadingTim wrote: »You sure about that? When supply (of houses for sale) drops & demand (buyers) stays the same, price doesn't go down....
Interest rates would have to rise considerably before people are forced to sell (ie repossession), which is why it won't happen. As I've said before, there is literally and figuratively too much invested in property and the property market for it to crash in the manner you hope. Sales reflect supply, not demand.
IMO rates at 2% would have a lot of people worried, why do you think they have been so low for so long?0
This discussion has been closed.
Categories
- All Categories
- 343.3K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 248K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards